Analytical Procedures - what to consider when using them to collect EVIDENCE ISA/ASA520

Special considerations when using Analytical Procedures to collect evidence and at the end of the audit.
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Find ASA 520 here www.auasb.gov.a...
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[@ankit.legacy]

I had a doubt about AP done at the conclusion stage but you resolved it and explained very well... Thank you so much❤️

[@amandalovestoaudit]

You're welcome! Thanks for watching :)

[@paulusamuthenu6984]

Thanks Amanda, this was amazing.

[@mtaaninyumbani3871]

this is so helpful thank you

[@amandalovestoaudit]

You’re welcome - thank you for watching 🙏

[@samiaghbar9762]

Good explanation. Thanks

[@amandalovestoaudit]

Thanks Sami!

[@jurgenhaase7287]

Hi Amanda, great video! I have a question though: if I perform analytical procedures on my leadsheets during the substantive phase of the audit (e.g. explaining differences/mutations of the figures compared to prior year >5%), under what standard do I fall and how are these procedures referred to in the standards? Is it 520.A1?

[@Theunspoken_52]

well explained thanks Amanda

[@amandalovestoaudit]

You’re very welcome 😊

[@mutazalnour3864]

Great,thanks

[@amandalovestoaudit]

Thank you too!

[@sanyajalota1799]

Hey
Could you please explain this topic pertaining to this standard ‘’Consideration Specific to Public Sector Entities’’? I couldn’t understand the examples mentioned in the standard.

[@yasirnisar57]

Thnx u a lot

[@amandalovestoaudit]

You’re welcome ☺️

[@adnanashraf875]

Any difference between ASA and ISA?
B/c ISA 520 which I have with me has effective date of 15 Dec 2009.
bUT here in your lecture, this date is 1 Jan 2010.
Why it is?

[@amandalovestoaudit]

It usually takes anywhere from a few months to years for a national standard setting board to adopt an international standard when it is approved ☺️

[@adnanashraf875]

What is ASA?

[@amandalovestoaudit]

Hi Adnan 👋. ASA is the Australian Auditing Standard - our national equivalent to the ISAs.

[@louisbotha1506]

Australian Auditing Standards